TL;DR
Mysten Labs’ Hashi framework aims to bring native Bitcoin collateral into Sui DeFi without synthetic wrappers.
The global testnet is expected in July 2026.
SwissBorg, Cumberland, Fluid, BitGo and Ledger are listed as institutional backers.
Native Bitcoin Utility On Sui: Why This Story Matters
Institutions Back Sui’s Hashi to Bridge Bitcoin DeFi as Testnet Launch Approaches has become one of the stronger weekend crypto stories because it sits at the intersection of price action, market structure, and the kind of narrative that traders tend to follow closely when the broader news cycle slows down.
The key point is not simply that hashi enables native Bitcoin collateral in Sui-based DeFi protocols without synthetic wrappers. It is that the development gives the market a fresh way to judge whether the current crypto environment is being driven by genuine network adoption, regulatory progress, liquidity shifts, or short-term speculation.
The Main Details
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